2024-05-10T08:33:26-07:00 2023-12-31 990 2023-01-01 870241679 MEMBERS FIRST CREDIT UNION MEMB 4357235231 120 E 1000 S Brigham City UT 84302 Darryn Hodgson CEO 4357235231 2024-04-08 Darryn Hodgson 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Darryn Hodgson 120 E 1000 S Brigham City UT 84302 8953255 0 X www.memfirstcu.com X 1958 UT State Chartered Credit Union 7 7 38 7 0 0 0 0 0 0 1130395 1473036 6201344 7480219 7331739 8953255 0 0 0 0 2428148 2572426 0 0 0 2742445 3442770 5170593 6015196 2161146 2938059 178531968 172586167 158993805 150109945 19538163 22476222 State Chartered Credit Union 0 0 STATE CHARTERED CREDIT UNION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 38 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 UT X Members First Credit Union 4357235231 120 E 1000 S Brigham City UT 84302 Darryn Hodgson CEO 50 45 X X X 254554 0 0 Megan Hansen COO 50 0 X X 112171 0 0 Scott Boehme Director 1 X 0 0 0 Scott Tervort Director 1 X 0 0 0 BRAD BARBER DIRECTOR 1 X 0 0 0 BECKY DUNCAN DIRECTOR 1 X 0 0 0 CLYDE WOHLGEMUTH DIRECTOR 1 X 0 0 0 MALONE MOLGARD DIRECTOR 1 X 0 0 0 TERRY THOMPSON DIRECTOR 1 X 0 0 0 366725 0 0 2 0 1 0 0 0 0 1473036 1473036 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LOAN INTEREST INCOME 522130 5273368 5273368 0 0 FEE INCOME 522130 545032 545032 0 0 OTHER INCOME 522130 1661819 1661819 0 0 0 0 0 0 7480219 8953255 8953255 0 0 366725 1696685 130132 235310 143574 926317 14000 147182 321055 106708 3234 1351187 205827 48716 LOAN LOSS 175000 EDUCATION 57221 EXAMS/AUDITS 6000 LOAN SERVICES 80323 0 6015196 0 0 0 1943482 1940558 9065740 13201334 3493358 3478158 0 0 94568226 98423867 89255 169093 7480932 3712216 3911882 3768716 60476861 46509443 4983164 5094998 178531968 172586167 1196933 2919733 0 0 0 0 0 0 0 0 0 0 0 0 0 0 157796872 147190212 158993805 150109945 X 0 0 0 0 19538163 22476222 19538163 22476222 178531968 172586167 2938059 0 0 0 0 0 X 1 X 1 X 1 0 0 1176399 1176399 0 4699179 2156224 2542955 0 0 0 0 0 1605354 1555992 49362 0 0 0 0 3768716 0 Member Non Maturity Deposits 115528033 Member Certificates of Deposit 31662179 147190212 X 0 0 0 Darryn Hodgson CEO 170344 0 84210 0 0 0 0 0 0 0 254554 0 0 0 Megan Hansen COO 100524 0 11647 0 0 0 0 0 0 0 112171 0 0 0 Schedule J, Part I, Line 3 The Volunteer Board of Directors determine the salary of the CEO and have used Gallagher's Executive Compensation and Benefits Survey. Clyde Wholgemuth Board Member HELOC X 50000 49110 0 1 1 Clyde Wholgemuth Board Member Auto X 14000 13605 0 1 1 Clyde Wohlgemuth Board Member Auto X 15500 15500 0 1 1 Clyde Wohlgemuth Board Member RV X 32000 29897 0 1 1 Clyde Wohlgemuth Board Member VISA X 15000 14726 0 1 1 Brad Barber Board Member VISA X 20000 3231 0 1 1 Scott Boehme Board Member HELOC X 250000 116155 0 1 1 Malone Molgard Board Member Auto X 31170 28542 0 1 1 Malone Molgard Board Member RV X 23750 20200 0 1 1 290966 Form 990, Part VI, Section A, Line 6 Credit Union members each hold one voting CU share. Form 990, Part VI, Section A, Line 7a The members vote to elect the Board of Directors. Form 990, Part VI, Section A, Line 7b The membership would be required to vote for substantive items such as merging with another Credit Union. Form 990, Part VI, Section B, Line 11b It is reviewed and compared with the prior year's form 990 as well as completed using an online filing program. It was also reviewed and determined that a form 990T is not required. Form 990, Part VI, Section B, Line 12c The policies are reviewed by the Credit Union's attorney as well as by the Board of Directors and Supervisory Committee Chair annually. They are also reviewed by State and/or Federal examiners as well as by a third party contracted accounting firm. Form 990, Part VI, Section B, Line 15 This is completed by the unpaid volunteer Board of Directors. Form 990, Part VI, Section C, Line 19 Provided to all employees as well as the Board of Directors via the intranet. Other members ask to see the written policies.